Stock exchanges fuel Thurgau Raiffeisen banks – earn more despite falling interest income
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Investors benefit from the stock market boom and thus also customers of the Thurgau Raiffeisen banks and the financial institutions themselves. Interest business remains under pressure. Now there are signs of a turnaround in interest rates, but Raiffeisen Investment Manager Matthias Geissbühler puts it into perspective.
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A trader and several traders on the New York Stock Exchange.
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Low interest rates, booming stock exchanges – this mixture left its mark on the 14 Thurgau Raiffeisen banks in 2021. The institutes were able to increase lending by 3.1 percent to almost CHF 14 billion, of which almost CHF 13.5 billion (+3.2 percent) was attributable to the core business of mortgages. However, income from the interest business slipped back by 0.4 percent to a good CHF 140 million despite the expansion of business.
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